Housing trust fund

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the Alabama Housing Finance Authority $3,001,259.36 in Housing Trust Fund support on December 5, 2025, under the Housing Trust Fund program (CFDA 14.275).

The award funds production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households throughout Alabama. The recipient must allocate at least 80 percent of the award toward rental housing activities, with up to 10 percent each permissible for homeownership assistance and administrative costs. The program requires a seven-year period of performance through December 5, 2032.

Alabama Housing Finance Authority, a state housing authority and designated participating jurisdiction for federal affordable housing programs, administers the grant from Montgomery, Alabama. The authority must submit an HTF allocation plan no later than August 16, 2026, and must commit all funds to projects within 24 months and expend them within five years. Affordability requirements for units produced or preserved under this award will span 5 to 20 years depending on activity type and funding contribution level.